Missouri Assignment of LLC Company Interest to Living Trust is a legal document that allows an individual or business entity to transfer their ownership interest in a limited liability company (LLC) to a living trust. This type of arrangement is commonly used by individuals who want to ensure a smooth transfer of their company interest upon their death or incapacitation. When an LLC member assigns their company interest to a living trust, it means that the trust becomes the new owner of the LLC interest. The living trust, which is a legal entity created during the granter's lifetime, holds and manages the LLC interest on behalf of the designated beneficiaries. This Assignment of LLC Company Interest to Living Trust is governed by the laws and regulations of the state of Missouri. There can be different variations or types of Missouri Assignment of LLC Company Interest to Living Trust, including: 1. Irrevocable Living Trust Assignment: This type of assignment is irrevocable, meaning that once the LLC interest is transferred to the living trust, it cannot be revoked or withdrawn by the granter. This type of assignment provides a level of protection and ensures that the LLC interest is not subject to estate taxes upon the granter's death. 2. Revocable Living Trust Assignment: In contrast to an irrevocable trust, a revocable living trust assignment allows the granter to retain control and make changes to the living trust during their lifetime. The LLC interest assigned to the revocable trust can be easily transferred back to the granter or to another beneficiary, if desired. 3. Partial Assignment of LLC Company Interest: This type of assignment involves transferring only a portion or percentage of the granter's LLC interest to the living trust. The granter may choose to retain some ownership while assigning the remaining interest to the trust. This type of assignment allows for flexibility and can be beneficial for estate planning purposes. 4. Full Assignment of LLC Company Interest: The full assignment involves transferring 100% of the granter's LLC interest to the living trust. This means that the trust becomes the sole owner of the LLC interest, and the granter relinquishes all rights and control over the interest. This type of assignment is common when the granter wants to ensure a seamless transfer of ownership upon their death or incapacitation. It is important to consult with an attorney or legal professional familiar with Missouri laws to ensure that the Assignment of LLC Company Interest to Living Trust complies with all necessary legal requirements and achieves the granter's specific objectives.